First Baptist Apple Street Housing Foundation

Organization Overview

First Baptist Apple Street Housing Foundation, operating under the name Spencer Brown Thomas Homes, is located in Burlington, NC. The organization was established in 1985. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spencer Brown Thomas Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2023, Spencer Brown Thomas Homes generated $337.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $383.8k during the year ending 09/2023. While expenses have increased by 3.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HOUSING TO 40 ELDERLY LOW INCOME INDIVIDUALS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE HOUSING TO 40 ELDERLY LOW INCOME INDIVIDUALS


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Board, Officers & Key Employees

Name (title)Compensation
Dennis Burnette
President
$0
Calvin Kendrick
Vice-President
$0
Shirley Dixon
Treasurer
$0
Angela Corbett
Secretary
$0
Calvin Jones
Director
$0
Johnnie Jeffries
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $207,780
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$207,780
Total Program Service Revenue$129,547
Investment income $525
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $337,852

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